The germany automotive parts zinc die casting market size was valued at USD XX billion in 2022 and is expected to surpass USD XX billion by 2031, expanding at a CAGR of 5% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand for light weight and innovative vehicles, better surface finish, accuracy, and growing demand for seat frames and engine blocks.
Die casting is the process that is characterized by forcing molten metal under high pressure into a mould cavity. The die castings are made from non-ferrous metals such as copper, lead, zinc, magnesium, tin, aluminum, and pewter based alloys. The automotive industry depends on die casting for various applications such as retractor gears, inertia disks, chassis parts, engine parts, power steering systems, air conditioning systems, sunroofs, fuel intake parts, hardware, brake systems, transmission components, vehicle interior components, and other mechanical parts.
To increase fuel efficiency and decrease automobile emissions various policies and standards are set for the automakers to decrease the weight of the automobiles by using light weight non-ferrous metals. Zinc die casting has higher surface finish, toughness, and lesser thermal shock which decreases the operating temperature during casting.
Germany dominates the automotive parts zinc die casting market owing to the development of industrial and manufacturing sectors in the country. Political pressure and economic crises have become major factor responsible for automobile manufacturers in the country.
Automotive Parts Zinc Die Casting Market Trends, Drivers, Restraints, and Opportunities
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Rising trend of saving energy is estimated to drive the market during the forecast period.
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Rapid growth of automotive industry is major factor boosting the market in the coming years.
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Increasing demand for electric and lightweight vehicles is expected to propel the market.
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Government’s favorable policies and initiatives are anticipated to boost the automotive parts zinc die casting market.
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High raw materials, maintenance, and production cost is projected to restrict the market expansion.
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Lack of zinc ores available in zinc mines act as challenge that can hinder the market in the coming years.
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R&D investment and technological advancement in automotive parts zinc die casting market is projected to offer significant opportunities for the market players.
Scope of Automotive Parts Zinc Die Casting Market Report
The report on the Germany automotive parts zinc die casting market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Automotive Parts Zinc Die Casting Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Production Process Types (Vacuum Die Casting, Pressure Die Casting, and Other Production Process Type), Application Types (Engine Parts, Body Assemblies, Transmission Parts, and Other Production Process Type)
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Country
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Germany
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Ashok Minda Group, Dynacast, Sandhar Technologies Ltd., Pace Industries, and Brillcast Manufacturing LLC
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Automotive Parts Zinc Die Casting Market Segment Insights
The vacuum die casting segment is projected to account for a large market share
Based on production process types, the Germany automotive parts zinc die casting market is divided into vacuum die casting, pressure die casting, and other production process type. The vacuum die casting segment is expected to constitute a key share of the market during the forecast period owing to improved mechanic, static and dynamic properties, raised surface quality, and prevention of shrink marks, air entrapment, and burning marks.
Vacuum die casting improves reliability of the production process, decreases the wall thickness, reduces gate speed and injection pressure, and increases life of tool service. However, the pressure die casting segment is anticipated to expand at a rapid pace during the forecast period due to variety of applications, lesser weight, cost effective, control on close dimensional, and higher production capacity.
The engine parts segment is projected to hold a major market share
In terms of applications types, the Germany automotive parts zinc die casting market is segmented into engine parts, body assemblies, transmission parts, and other production process type.
The engine parts segment is expected to represent a key share of the market in the coming years due to high complexity and intricacy in the designing and production process. It reduces the weight of the vehicles and raises the fuel efficiency of the vehicles. On the other hand, the body assemblies segment is anticipated to expand at a rapid pace during the forecast period owing to durability, stability, and high tolerance.
Segments
The Germany automotive parts zinc die casting market has been segmented on the basis of
Production Process Type
- Vacuum Die Casting
- Pressure Die Casting
- Other Production Process Type
Application Type
- Engine Parts
- Body Assemblies
- Transmission Parts
- Other Production Process Type
Key Players
Competitive Landscape
Key players competing in the Germany automotive parts zinc die casting market include Ashok Minda Group, Dynacast, Sandhar Technologies Ltd., Pace Industries, and Brillcast Manufacturing LLC. Some of these players are engaged in several market/business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,
Brillcast Manufacturing LLC, in conjunction with local universities, executed a comprehensive certification program for zinc die-cast manufacture operators to encourage the employees to be effective at home, work, and community.
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